Marathon sees $51M revenue, 74% YOY increase in Bitcoin output in Q1

Marathon Digital Holdings reported quarterly results for its cryptocurrency mining operations on May 10. Fried Thiel, chairman and CEO of Marathon, said: “After weathering a tumultuous 2022 … this year is off to a strong start as we grew our hash rate, reduced our cost to mine, and improved our balance sheet during the first […] The post Marathon sees $51M revenue, 74% YOY increase in Bitcoin output in Q1 appeared first on CryptoSlate. дальше »

2023-5-11 02:28

Inside Bhutan’s secretive Bitcoin mining operation

Bhutan's clandestine entry into the world of cryptocurrency mining has recently come to light, raising many questions about the depth of its involvement. Druk Holding & Investments, the state-owned holding company, has confirmed its foray into the mining space, but what has driven this secretive mission? The answer lies in the country's ambitious plans to finance its fourth industrial revolution and the unexpected role of the pandemic in triggering these efforts. дальше »

2023-5-1 19:31

Russia plans to permit foreign crypto mining

Russia’s central bank intends to permit the creation of crypto mining organizations outside of the country, Russian news site TASS said on April 17. Elvira Nabiullina, head of the Bank of Russia, said that Russian entities will be allowed to establish special authorized organizations for cryptocurrency mining. дальше »

2023-4-20 23:34

Riot Platforms responds to NYT article on Bitcoin mining

Riot Platforms has responded to claims from The New York Times regarding its crypto mining practices, as seen in a statement on April 10. Riot contests energy use claims On April 9, the New York Times published an article titled “The Real-World Cost of the Digital Race for Bitcoin,” which described the activities of 34 […] The post Riot Platforms responds to NYT article on Bitcoin mining appeared first on CryptoSlate. дальше »

2023-4-11 02:42